The invention of Bitcoin by Satoshi Nakamoto was in direct response to the dissatisfaction with the traditional banking system, particularly the lack of privacy, high transaction fees, and the ability of governments and financial institutions to inflate currency supply, leading to devaluation and financial crises.
The financial crisis of 2007-2008 provided a poignant backdrop for Bitcoin’s creation, highlighting the dangers of centralized financial control and the need for a system that could provide financial sovereignty to individuals.
Nakamoto’s gripes with the existing financial system were thus addressed through Bitcoin’s foundational principles: decentralization, transparency, security, and a fixed supply cap to prevent inflation.
By solving the double-spending problem in digital currency, Nakamoto enabled a shift towards a system where trust in institutions could be replaced by trust in cryptography and the collective verification process of the network.
(This message is quoted from Internet information and is not the opinion of this website.)
中文版: 为什么会发明比特币?